Apparently it wasn’t just the Trump effect, banks were worried about the commercial viability of Net Zero.
Category: Finance
23% Surge in Global Bank Fossil Fuel Investments
Just under $900 billion loans to fossil fuel projects in 2024.
The Great Retreat: A Eulogy for the Net Zero Asset Managers Initiative
So, let us raise a toast to NZAM, not in mourning but in mockery. Its collapse is a victory for common sense and a warning to all who would attempt…
The Global Net Zero Financial Cartel, Falling Apart
Less than three weeks ago, on December 23, in a post on optimism about the potential demise of the green energy fantasy, I took note that two of the largest…
‘A Huge Win’: Woke ‘Cartel’ Of Financial Giants Dealt Death Blow 11 Days Before Trump Takes Office
“The news of BlackRock’s departure from NZAM should be music to the ears of every American consumer,” Will Hild, executive director of conservative nonprofit Consumers’ Research, told the Daily Caller…
AI Lions and Renewable Straw
The promotion of renewables by AI-owning investment firms is similarly confused. Either AI thrives in a world powered by the proven, reliable bounty of fossil fuels and nuclear fission, or it…
Wells Fargo Exits Net-Zero Banking Alliance: A Pragmatic Rejection of the “Climate Cartel”
As the NZBA and similar initiatives face growing scrutiny, it is time to rethink the entire premise of climate finance. Instead of chasing utopian visions, the focus should shift to…
Return Funding for Reliable Energy to the World’s Poorest
The Trump administration will encounter headwinds in attempt to change the policies. It is important to clarify widely that these policies have hurt the world’s poor and need to be…
The SEC’s Risky Plan to Decarbonize the U.S. Financial Markets
Most egregiously, with these climate disclosure rules, the SEC will no longer be an objective market referee, at least when it comes to the ESG factor of climate change. The…
Expensive Cheap Energy
Guest Post by Willis Eschenbach Well, our beloved US Gummint, in the form of the Energy Information Administration, just released the latest data on the horrendously large taxpayer subsidies for…
Worried About Climate Change? Come Borrow Some Money!
This one is equally irresponsible, because it encourages people to get into debt that they cannot afford, simply by making them feel guilty.
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